Toyota to build electric RAV4 at Woodstock plant
Automaker expects to save 6,500 jobs at two Ontario plants
TORONTO—A day after General Motors announced it was investing $117 million in its Oshawa plant, Toyota says it will assemble the electric version of its RAV4 SUV at its Woodstock facility.
It’s expected RAV4 production will save 6,500 jobs at the company’s two Ontario plants.
The Canadian and Ontario governments recently gave Toyota $141.6 million in grants and loans to upgrade its plants in Woodstock and Cambridge.
The gasoline version of the RAV4 sold in North America is already built in Woodstock. More than 151,000 of the small sport utility vehicles were built at the plant in 2010.
The Japanese automaker showed off the RAV4 EV during the Los Angeles auto show last November, but said at the time it had not decided on a location for final assembly of the small SUVs.
There were rumours the electric RAV4 would be assembled at a Toyota-General Motors assembly plant in Fremont, Calif., owned by its electric car partner, Tesla Motors, with whom Toyota recently signed a $100-million power-train supply agreement.
The electric RAV4 includes batteries and power-train components made by its Palo Alto, Calif.-based electric car partner.